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Daily Tech Briefing: Sept. 10, 2014

While the Apple Watch is the first entirely new Apple product in four years, it wasn't necessarily the most important announcement the company made at its media event Sept. 9 in Cupertino, Calif.

That distinction goes to Apple Pay, a new electronic payment service that has the potential to reduce credit card security problems. Apple Pay is a digital wallet application that effectively virtualizes credit cards so merchants never have to see a card number.

Instead it stores a encrypted version of the card on a chip so that the number and the customer's personal information aren't recorded by point of sale terminals.

Home Depot publicly confirmed Sept. 8 that it was the victim of a data breach. According to the U.S. retail giant, credit cards used at Home Depot stores in both the United States and Canada are potentially at risk from the breach, while Homedepot.com online users are not.

Further reading

The company does not have any evidence the debit card PIN numbers were compromised in the attack, but admitted that its systems might have been breached as far back as April of this year.

In October 2013, the Federal Bureau of Investigation took down the Silk Road Website. Now, a& court declaration made by former FBI agent Christopher Tarbell in the U.S. District Court for the Southern District of New York offers some new insight into the investigation.

The Silk Road Website and its owner, Ross Ulbricht, were hidden on the Internet through the use of the Tor network. When the FBI found Ullbricht, there was speculation there was a security breach within the Tor network itself.

However, it seems as though the FBI's CY-2 unit was able to find Ullbricht through a leak on the Silk Road's user log-in interface.

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